Tenant demand rises
Tenant demand continued to increase during the third quarter of the year, research by specialist buy-to-let lender Paragon has revealed.
The Private Rented Sector Trends Report for the third quarter gives a detailed overview of the sector and landlords’ views on performance.
More than four out of 10 landlords (44%) said tenant demand increased during the third quarter and just 4% thought it declined. When asked for their views on tenant demand for the next 12 months, almost half of landlords (49%) said they expect tenant demand to continue to increase.
Rental income remained healthy for a third consecutive quarter with 34% of landlords reporting an increase and only 4% saying that it had decreased.